Goldcorp offers $8.6 billion in stock for Glamis Gold

LONDON (MarketWatch) -- Goldcorp
GG, +3.42%
said overnight it's agreed to buy Glamis Gold
GLG, +0.00%
for $51.49 a share, to create one of the world's top gold mining companies. Glamis Gold closed Wednesday at $38.86 a share, and Goldcorp's offer values it at $8.6 billion. Glamis has agreed to pay a break fee to Goldcorp of $215 million.

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